Bear Trap Alert w/ Bitcoin Still in the Downtrend Channel 07/16

Possible Dangerous Bear Trap

Bear Trap Alert with Bitcoin Still in the Downtrend Channel (07/16/2019)

Current Pullback with 1,000 Potential Uptrend, followed by a 3,000 to 5,000 Downtrend w/ a bounce that will Gradually claim back 1,000 and then drop another 3,000 to 5,000 from each new position on the
top right of the channel, which can repeat again and again with no way out...

Falsely Reported Bitcoin Breakout is still in Downtrend Channel as it was all last week on it way to 10,000 after doing the same so-called breakouts while continuing to drop right afterward as it is doing right now...

Bitcoin is Currently Down-trending in Dangerous Short Trolling Waters that is marked by the Red Doted Lines

snapshot

Be Careful...

Sincerely & Respectfully

Bryan

bitcoinanalysisbitcoinforcastbitcoinforecastbitcoinusdbitcoinusdanalysisBTCUSDbtcusdanalysisBTCUSDTChart PatternscryptoforecastTechnical IndicatorsTrend Analysis

Also on:

Related publications

Disclaimer